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1990. The Economist. China's economy has come to a halt.1996....

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Cosmoterios

18,535 Posts.

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14/06/24

21:19

Post #: 74325628
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Originally posted by moorookamick: ↑

IMO China has learned from its own Mao era failures,
the failures of the USSR and in particular the economic
pressures brought by the USA on the USSR economically.

If as you say that Communism doesn't work or at least that
China's form of communism wont work now, then why
is the US using enormous economic resources to stymie
China's growth. If the US really believed (as Marx said about
capitalism) that communism has within it the seeds of its own destruction,
then the US would let China be and self-destruct.

IMO you are confusing politics with economics and in particuluar
giving too much weight to the US 2 party political system vs that
of the one party Chinese system and their impact
on their respective economies over time.

China's Hybrid economy (roughly 50% SOEs and 50% Private enterprise)
has done well over the past generation and despite its current US prophets of doom,
its fairing much better than that of the US at present (eg: Net growth...GDP growth minus inflation)

In science we accept that the data tells the tale as it also should in economics
but of course there are those who smuggle in a political agenda and then make what
is a moral judgement rather than a data based assessment .

The US erecting trade barriers is an obvious admission that its system is falling short of global
economic standards (Trump even tried to impose crippling import tariffs on our meagre exports
to the USA !) This resembles the British mercantilism towards the end of its empire.

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1990. The Economist. China's economy has come to a halt.
1996. The Economist. China's economy will face a hard landing.
1998. The Economist: China's economy entering a dangerous period ofsluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for the Chineseeconomy.
2000. Chicago Tribune: China currency move nails hard landing riskcoffin.
2001. Wilbanks, Smith & Thomas: A hard landing in China.
2002. Westchester University: China Anxiously Seeks a Soft EconomicLanding
2003. New York Times: Banking crisis imperils China
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in China
2006. International Economy: Can China Achieve a Soft Landing?
2007. TIME: Is China's Economy Overheating? Can China avoid a hardlanding?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a way to recover.
2010: Nouriel Roubini: Hard landing coming in China.
2011: Business Insider: A Chinese Hard Landing May Be Closer Than YouThink
2012: American Interest: Dismal Economic News from China: A Hard Landing
2013: Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To Crash?
2018. CNN: Forget the trade war, China's economy has other big problems
2019. BBC: China's Economic Slowdown: How worried should we be?
2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
2022. Bloomberg: China Surprise Data Could Spell Recession.
2023. Bloomberg: No word should be off-limits to describe China'sfaltering economy.

These are some of the predictions of China crashing in the last 30 years. Some of the most respected Economic and News organizations in the Western World.

Not one has been correct in their predictions.

Last edited by Cosmoterios: 14/06/24
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